Carret Asset Management LLC Acquires New Stake in Unilever PLC (NYSE:UL)

Carret Asset Management LLC bought a new position in shares of Unilever PLC (NYSE:UL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,044 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently made changes to their positions in the company. Life Planning Partners Inc bought a new position in shares of Unilever during the 4th quarter worth $27,000. Rise Advisors LLC bought a new position in Unilever during the 1st quarter worth about $28,000. VisionPoint Advisory Group LLC increased its position in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of Unilever by 75.8% in the 1st quarter. Financial Management Professionals Inc. now owns 610 shares of the company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Unilever in the 4th quarter worth approximately $31,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Argus boosted their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.00.

Unilever Trading Up 0.3 %

Unilever stock opened at $54.99 on Thursday. The stock has a 50-day moving average of $54.31 and a two-hundred day moving average of $50.79. Unilever PLC has a one year low of $46.16 and a one year high of $56.47.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 16th.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.